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ABC
Nov 15, 2012 6:30am EST
an improving economy but also uncertainty over whether we are going to get off that fiscal cliff. >>> it's going to cost your employer a little bit more this year to pay for the health care benefits. it's the smallest increase in 15 years. according to health consultant mercer they will see the cost jump 4.5%. they say because companies have the 2014 implementation of the health care reform, they're making greater efforts to cut costs. passing that expense on and the risk to you. >>> so are you looking for a reason to quit smoking? how about because today is the great american smokeout. it's a day started by the american cancer society to help people stop puffing away on smokes. now smoke you cannot only causes all kinds of diseases and cancers it can affect your everyday life. among them the university of baltimore and the howard county general hospital are taking part. >>> sharpton is congresswomanning to baltimore for the next -- coming to baltimore for the next three days. he's going to be leading discussions on how this fiscal cliff could impact an african- americans. the ma
MSNBC
Nov 9, 2012 2:00pm EST
that include expiration of the tax cuts that would cause uncertainty and damage to the economy if they're not dealt with. extending those tax cuts for 98% of the american people would deal with more than half in dollar terms of the impact caused by the fiscal cliff. there are other challenges that we would need to address, including the sequester, but congress ought to, the house out to pass those tax cuts right away. it would send a tremendous, positive signal to the american people that in the wake of this election, we can at the very least come together and convert into law a bill that everyone a agrees should become law. republicans and democrats alike, the president included. and we will then continue to work on those issues where we have broader disagreement, and that's why the president has invited leaders of congress here to the white house next week. that's why he will be meeting with business leaders and labor leaders and others to get their input and ideas about how to move forward. as he said, he does have his own very specific plan that reduces the deficit by $4 trill
MSNBC
Nov 14, 2012 11:00am PST
strengthening our middle class and improving our economy. you know, i've got a lot of good relationships with folks in the house and the senate and both sides of the aisle. it hasn't always manifested itself in the kind of agreements that i would like to see between democrats and republicans and so i think all of us have responsibilities to see if there are things to improve on. and i don't exempt myself from needing to, you know, do some self reflection and see if i can improve our working relationship. there are probably going to be still be some sharp differences and as i said during the campaign there are going to be times there's fights and i think those are fights this need to be had but what i think the american people don't want to see is a focus on the next election instead of a focus on them. and i don't have another election. and, you know, michele and i were talking last night about, you know, what an incredible honor and privilege it is to be put in this position. and there are people all across this country, millions of folks who worked so hard to help us get
MSNBC
Nov 13, 2012 11:00am PST
the economy and we know it will destroy jobs. >> so the most bipartisanship we are seeing in the early hours of congress being back is about the fact both parties agree that something must be done, that they must work together and that's what voters were saying with their ballots last week. the hard part is how you get there. as you know, hill leaders will be at the white house on friday. conversations have been going on behind the scenes. sort of on an ongoing basis. the real work will become hammered out in december to decide it will be a short-term kind of solution or whether something longer, more enduring can be forged. lots of questions. a spirit of working together, but they are far apart in their basic outline of how they should be tackled to begin with. >> let me bring in congresswoman gwen moore of wisconsin. thank you so much for your time. >> thank you for having me. >> you heard kelly there. so close, but yet so far. what are your thoughts regarding at least the beginning stages of this conversation to deal with this so-called fiscal cliff? >> well, i can tell you, t
MSNBC
Nov 8, 2012 11:00am PST
economy, then the tips point habben reached. we have more takers than makers and it's over. >> i'm sorry, this is going to sound cruel, but some of the times i didn't like he was connecting with the material. i think you have to connect with the material. maybe it's people who have actually been in the trenches for decades, not just someone that was a success in business. >> in the trenches like a community organizer and not just a business guy? i mean, what is -- we in some kind of topsy-turvy world now suddenly his business background was nothing? >> there's a lot of rationalizing going on on the republican side because the win was much bigger than -- if they thought that obama was going to beat romney, that he would eek it out and they did not expect 303 and possible 332 electoral vote fs obama picks up florida. not one swing state went for romney. there's a lot of reflection taking place. many republicans i spoke to yet are out of their denial. they know that their coalition is white, that the white vote is decreasing with every single election cycle. that's the trend for 20 ye
ABC
Nov 16, 2012 4:30am EST
of the economy, many families right now are struggling to keep food on the table. this morning, the united way of central maryland will hand out3,000 thanksgiving meals to low income families. the meals will be given out at the franciscan center from 10 to 3 this afternoon. >>> hostess workers will find out if they have jobs. the company warned if they didn't return by thursday evening they would have to liquidate it would result in 18,000 layoffs. >>> if you haven't used your vacation days for the year, you may lose them. the average american has 12 days off of vacation to use but most only use about 10. however most of us blame scheduling conflicts and hope the days can be rolled over that's rarely the case. >>> the happiest place on earth is going to get bigger. look at the
KOFY
Nov 8, 2012 11:30am PST
concrete evidence that the economy is coming back and can support a huge mall. look at the line at starbucks one hour before the mall opened with >> brand new outlet store in the bay area we live in tracy we don't have many things close by. we have been waiting and anticipating for in mall to open. >> reporter: predictions are traffic on the 580 will be clogged throughout the grand opening weekend. mall executives have made plans to try and accommodate the crowd. >> we've created auxillary parking lots. we know there's a lot of excitement, we want to minimize the impact on 580. >> reporter: the mall has 130 stores and restaurants, all big brands, we did find one family owned walnut creek these big names. the owner is excited and a little nervous about the number of shoppers here in the big leagues. >> they tell me 140,000, i have no concept what that is. we are going to do the best we can and it is going to be a learning experience for us. >> reporter: i kept you in mind, the deals are good i've seen 50%, 60% off of already low prices bloomingdale's seems to be the most popular the
ABC
Nov 12, 2012 4:30am EST
of teaching and economy and poverty. it takes place at baltimore marriott and starts at 12:30. >>> your money hangs in the balance over what happens in the next few weeks. the president invited leaders from the labor and business communities to the white house for talks of the fiscal cliff. and on friday, he will meet with the congressional leaders they have until december 31st to hammer out a deal that would stave off tax increases and spending cuts if that deal is not reached. average american family would end up paying nearly 3500 dollars in new taxes in 2013. >>> money is not a problem for some. the blue dress julie garland wore in the wizard of oz sold for $480,000 in an auction in beverly hills. no word if dorothy's dress will be reunited with the ruby red slippers and the buyer has not been identified. >>> twilight fans camped out outside the nokia theater in los angeles. the film the last film in the series the twilight saga breaking dawn part 2 premiers today. so fans hope to get a glimpse of the cast as they walk the black carpet for the debut. >>> a piece of baltimo
MSNBC
Nov 15, 2012 11:00am PST
george w. bush more than barack obama for the state of the economy. >> it's so interesting. i liked at ohio a lot, and we talked about, governor rendell, ohio. mark, the auto bailout was a big factor in that state, and when you look at the overall white vote, the gap in ohio was closed compared to the national numbers. i believe the difference was around 12% as opposed to a 28% advantage among white voters that mitt romney had greatly in part because the white working class people in the state saw the president having their back with the auto bailout. that was not a gift. thaep that's an industry. >> the auto bailout did help president obama in ohio. it is also worth noting that president obama's performance among white voters in midwest states like ohio, like wisconsin, like iowa is completely different than it was nationally and substantially different in states measured by the exit poll. >> quickly, i have to get your comments on what's happening between senator john mccain and a few other senators and the president. john mccain was on the "today" show this morning. he was asked,
MSNBC
Nov 12, 2012 11:00am PST
worried about the prospect over the fiscal cliff and the damage to the u.s. economy. there are business groups raising money to run tv ads, for example, pushing for congress to come to a deal here. so the president has an ally there in some business folks that he maybe didn't have on the campaign trail now that attention is turning to this fight. it's simply good politics for the president to meet with the progressive folks and the ceos and as many people as he can so when they get to the point of a deal, he can say, look, i listened to all perspectives here. >> we heard from the president on friday, and he did not say this was a mandate. certainly articulated that the american people are behind him, hence the reason that he won re-election. here we are with speaker boehner saying they're waiting to be led and all lot more xroez mizing comments. should we be optimistic and assume this deal will be done in a different way meaning we're not waiting until the 11th hour. >> i don't think you can say that. washington loves to wait until the 11th hour, because that's when the negotia
ABC
Nov 9, 2012 4:30am EST
on how people are surviving. >>> now the election is over and time to focus on the economy. what the president is doing about that today on his friday, november 9th. >>> and thank you for joining us. a long week. >> you think about so much going on the nor'easter, the election, we have been with you every morning. tgif! [ laughter ] >> you want to know what the weather will be like. a lot of spots over that and we're meeting that. 38 degrees. and the winds will slowly start to calm down. nothing like we felt the day before that. >>> the we'll stay this way throughout the day and plenty of sunshine. temperature at 53 degrees. megan and charlie over to you. >>> workers are attempting to fix that water main break. they made some progress by digging up the asphalt to get a look under it. the problem they face is how to close the break. and water was gushing. >>> this will be affecting your commute throughout the course today on friday. lauren has been watching the roads telling us what to avoid. >> this break is massive. and repairs are underway, that will be between penn station and 21s
MSNBC
Nov 16, 2012 11:00am PST
leaders to talk about this economy. earlier today the president metaphmet for the first time with congressional leaders to avoid the fiscal cliff we talked so much about. both sides emerged saying they are willing to make one choices. the one word they all used to describe the meeting was constructive. >> our challenge is to make sure that, you know, we are able it to cooperate together, work together, find some common ground, make some tough compromises, build some consensus to do the people's business. >> to show our seriousness, we've put revenue on the table, as long as it's accompanied by significant spending cuts. >> let me bring in nbc news white house correspondent kristen welker. from those two sound bites alone, one would think things are a lot better than when this battle was forged before. >> reporter: well, i think that both sides feel a fresh urgency to get something done. you're absolutely right, tamron. they know they can't have the same sort of disastrous debacle happen that we saw during the debt ceiling fight of 2011. i think that they know they have to work tog
PBS
Nov 8, 2012 4:00pm PST
economy. modern leaders paying homage to pass commonness, mouse at all -- mao tse tung included. >> we must crack down on corruption at all times and thoroughly investigate cases of major corruption. anyone who breaks the law, whoever they are, must be brought to justice without mercy. gregg's the successor, the current vice president, was chosen by party leaders five years ago in a process of back room deals and compromises. he will be installed as the new general secretary next week. outside, china looks increasingly modern. there is a widespread sense that growth is slipping and what is needed now is more reform. but a fear that the party may not be able to relax the market still has on part of the economy or submit itself to more checks and balances. >> the pressure for real reforms is building in chinese society. the last 10 years were a lost decade. >> instead, the communist party has tightened its hold and become more intolerant of those who question its right to will. this way, a taxi drivers have been told to remove their handles so no one can open the windows. and they
WETA
Nov 9, 2012 6:00pm EST
. before the newsbreak today, the biggest talk in town was about the economy. president obama and the republican speaker made their views known on the upcoming fiscal cleiff approaches. both men agreed on the urgency to act. the devil is in the details. >> ladies and gentlemen, that the president and the vice- president of the united states. >> del left the supporters fool you, he knows there is no honeymoon the second time around. he is straight into a living and economic crisis in demanding compromise from politicians. dodge the american people understand we will have differences in disagreements in the months to come. they get back. but on tuesday, they said loud and clear that they won't tolerate this function for politicians that view compromise as a dirty word when americans are out of work, families and small business owners are still struggling to pay the bills. >> automatic tax rises and cuts to government spending could take more than $600 billion out of the economy, leading to 2.1 million jobs lost shrinking by half a percent sign. such a prospect has spooked global markets
FOX News
Nov 10, 2012 6:00pm EST
questions over the government's ability to prevent the u.s. economy from going over the so-called fiscal cliff. in the last 24 hours, newly relie detectorred president barak obama and house speaker john boehner have both vowed that they will not let this happen. but is that even possible given today's decisive political climate? before we get into the discussion, let's first listen to what both men had to say. >> this is an opportunity for the president to lead. this is his moment. >> i'm committed to solving our fiscal challenges, but i refuse to accept any approach that isn't balanced. >> arthel: let's talk about it now. matt is the former white house political director under president george w. bush. alexis is the executive director for the american values institute. good to see both of you. >> great to be here. >> arthel: very good. so let's say that each of you is going to broker this deal. tell me the concessions you would make and what would be the deal breakers. i'm going to go with you first, matt. >> okay. so i'm in the seat of power. i guess if i'm a republican, i want
CW
Nov 9, 2012 12:00pm CST
♪ ♪ o president obama plans to make a statement this hour on the economy and address fears of the upcoming fiscal cliff. good afternoon. i'm steve sanders. and i'm dina bair. we welcome our viewers who are watching us around the country on wgn america and on the web. but first, our top story. apparently wrapping up their operations here. they have refused to say much about their ongoing search. day five of this effort comes five years after the mysterious disappearance of stacy peterson. state police tell us that there is now tip or lead that instigated this week's efforts. the availability of fbi resources was apparently ideal for following up on old leads. >> hope they find her. her husband remains a prime suspect. a former officer was convicted of killing his third wife. back in 2007 police pinpointed activity. >> bring my daughter here all the time. just to know that there may be remains here, i hope they could find her. >> would be nice if the family had closure. >> operation seem to be wrapping up for today. there's no indication whether the search will continue again at any
PBS
Nov 16, 2012 5:30pm EST
his first big challenge. he is trying to stop america's economy falling off what has been called the fiscal cliff. today he met congressional leaders to try to cut a deal both sides can agree on to resolve the crisis. if they fail, the economy could slip back into reception, -- could slip back into recession, a prospect nobody wants. we have this report from nevada. >> are these the first signs of recovery for the construction industry in las vegas? it is not what it seems. she is not building, she is toward writing. there is plenty of land and spare machinery for a business renting diggers by the hour. >> it is sad the way the construction industry died. it was overnight. nobody expected it. i think people are waiting it out, but i think people are all looking for other avenues rather than stay in construction. i think there are reinventing themselves right now because they have to. >> down the road, another far less glamorous site of vegas, a free food line. here.jackie's first time she lost her house and everything in a just two years before the mortgage was all. michael is well q
WHUT
Nov 14, 2012 7:00am EST
have to get on the streets, otherwise everything will be destroyed. the greek economy certainly looks to be in a terrible state. year on year they are showing a contraction of more than several states. >> question frazier, paris, thank you very much for the view across europe. plenty to come, including a total eclipse of the sun. how thousands reveled in a rare celestial tree. prosecutors in the united states have called for a death penalty for a long shot -- court martial in a case of a soldier killing 16 afghan villagers earlier this year, after going on a rampage. he is facing 16 counts of premeditated murder and six counts of attempted murder. >> it was a shocking incident, the death of 16 afghans, slaughtered before dawn in march. among the victims were nine children. the suspect, staff sergeant robert bayless, who had been previously injured while serving in iraq, he had been reluctant to go to afghanistan. it is alleged that he returned to his base after the first attack, heading out to the second village after finally returning, covered in blood. outrage strained relations bet
PBS
Nov 15, 2012 4:00pm PST
reverse, the year as an economy has seen a second successive quarter of contracting output. between july and september, there was a fall of 0.1% in overall economic activity. more problems for the euro zone political leadership as they try to chart a course for the single currency. the german finance minister speaking at a business conference said the challenges ahead could be addressed. >> investors cannot ignore europe as the largest economic zone in the long run. or leave it out of their economic considerations. the world needs a strong europe. >> weaker economies brought down the performance of the euro zone. italian output fell by 0.2%. spain and saw the decline of 0.3. france and germany, both registered 0.2% increases. those two major economies could struggle to keep up the momentum. greece has been in recession since 2007. the combination of that and the austerity program provoking protests. a german diplomat was jostled as workers amassed outside a meeting of the german and greek officials. the euro zone economic downturn will not do anything to ease tensions. >> after a week of
ABC
Nov 8, 2012 6:00pm PST
-- lift the economy. it's the first outlet mall to open in californiag, in more than 10 years. be patient. >> yes. that is remarkable. >> san francisco authorities are promising to go after anyone they can find who is part of world series celebrations that got out of control. to that end the second person arrested for vandalizing a muni bus appeared in court. tonight, the story, he's a teenager. >> yes. he's just 19 years old. he remains in custody tonight with bail set at $40,000. today, through his attorney, he pleaded not guilty.[[y nicholas hudson did not speak today. >> what is alleged with respect to mr. hudson's specifically? >> the 19-year-old faces two charges. vandalism, tampering with a transportation vehicle. a muni bus, police say during celebrations, several vandals smashed, trashed and set this bus on fire at market and third. today, the assistant da calls this conduct disgusting.óñañ she said hudson is a known member of a gang, on a probation hold in san mateo county. the teenager's attorney says she just got the case ask could not comment. ng to police the public throu
ABC
Nov 8, 2012 4:00pm PST
the opening is more concrete evidence the economy is bumming -- coming back ask can support a new, huge mall. take a look at the line in starbucks. one hour before malls opened. >> you've got a brand new store in the bay area, we flif tracey and don't have things close by. we've been waiting for this mall to open up. >> it's predictions are that traffic will be clogged throughout the grand opening weekend. executives made plans to try and accommodate the crowds. >> we keep this thing flowing as best we can and allow it to minimize the affect. >> the mall has 130 stores and restaurants, big brand names you're likely familiar with. we did find one business among all of the big names. the owner of the company is excited and nervous about the number of shoppers here in the big league. >> we're going to do the best we can and it's going to be a learning exkbreerns for us. >> deals here are good. i've seen 50 and 60% off. one insider tells me some stores will probably take a loss to get attention and excitement here in this mall. j!q"p)e are serious shoppers here. amy hollyfield abc 7 n
FOX News
Nov 10, 2012 1:00pm PST
mandate that could throw the economy into a tail spin unless democrats and republicans stop it all. house speaker john boehner wants a deal on spending cuts. president obama says that is not enough. >> if we're serious about reducing the deficit we have to combine cuts with revenue. >> joining us is jonathan strong. even if tax rates went up on the wealthiest households earning more than $250,000 a year the president, as the president demands, this would actually do almost nothing to reduce the deficit. i look at the joint tax committee report of conscious saying it would reduce the deficit only by 7%. that is 7% out of $1.1 trillion. in many ways is the president's solution more of an illusion? >> he is trying to sell this as a matter of fairness. he seems to be making progress politically on that front. you have a good point. another good question, there isn't any theory this would help the economy. the estimates are it would hurt this the economy. is now the right time for that? people are still hurting out there. >> gregg: the president is claiming, you heard him say this -- he
FOX News
Nov 11, 2012 3:30pm EST
, keynesian response and stimulates the economy, and first term proves it doesn't work and if he does it again, there's no way he's going to get high growth. >> paul: and what political would you expect, to say, okay, this is a move to the middle. >> you can see how he responds to john boehner, said this week, signaled that he's willing to accept maybe the government will collect some more revenue, but let's not raise tax rate. let's get rid of deduction and benefits of simplicity there and thinking about trying to get economic growth. i think if the president responds by saying let's do a bipartisan reform instead of demanding trillions in new tax revenue, then i think that would be a good thing. >> paul: one of the thing boehner, my sources are saying, they would like to do is to get the president extend the bush tax rates for another year to avoid an immediate blow to the economy and time to negotiate a larger tax reform and entitlement deal. if the president insists, said, look, i litigated taxes in the election, tax rates are going up right away and automatically are and i'm going t
NBC
Nov 9, 2012 6:00pm EST
economy into a deep recession. >> on tuesday night, we found out that the majority of americans agree with my approach. >> raising tax rates will slow down our ability to create the jobs that everyone says they want. >> still, john boehner has left the door open to finding new revenues by reforming the tax code. >> both sides will be looking for ways to claim victory without causing too much trouble for their respective party basis. >> both sides can at least agree on this. the nation cannot plunge off the fiscal clef. -- cliff. >> the president is encouraging congress to go ahead and extend tax cuts for middle-class americans while negotiations continue on the rest of this. >> so what is the fiscal cliff and how could impact your money if congress does nothing? the truth is, it could affect everything from your dog to your 401k to your wallet. -- your job to your 401k to your wallets. it could translate into your taxes going up by $3,500 next year. >> more will be taken out of your check. you'll have less to spend and the impact would be pretty substantial. think of the coffee shop a
ABC
Nov 7, 2012 4:00pm PST
. >> student compromise is driving the economy down. and they need to work on government reform at all levels. >> time for the guys to reach a compromise here, if congress fails to reach an agreement soon, a tax hike and drastic spending hikes will take affect on january 1. leaders of both parties reaching out on capitol hill. we'll have that development in the second half hour. >> stocks suffered their worst one day loss of the year. the dow dropped and investors looking past the election and focusing on big problems ahead in europe and potentially in washington. cory johnson will join with us a parkt recap in about 10 minutes.. >> now, to the elections over. has outlook changed in silicon valley? >> abc 7 news david louie checks on the pulse of the local economy. >> happening now, i'm david louie. the electric was yesterday, but today a kind of referendum held on wall street. investors selling off in such a way it could impact everything from solar energy companies to cloud-based companies. ash wagner has a small solar company with six emhoiys he wants to expand but selloff could
PBS
Nov 14, 2012 5:30pm EST
recession for the second time in three years. unemployment is still going out. the economy is weakening, yet further tax increases are in the pipeline. >> there were protests in at least six european countries today. much of the transport was shut down in a country where unemployment is nearly 26%. in portugal there was a general strike. in greece, protesters cried, and enough is enough. the economy has shrunk 23%. >> they have to a pay attention to the social dimension in europe. at the same time, they have to be a bit more social. they have to be a bit more gentle, but i think they should not step away from austerity measures. >> the stories of hardship and tragedy are increasing. a few days ago, a woman in northern spain committed suicide after being ejected by her home. these protesters are camping, and demanding this be stopped. people are sick of this, he said. sooner or later, it is going to explode. at times in recent weeks, it has seemed as though the eurozone crisis was weakening, but the real economy is worsening, and the frustration is available and s visible on spanish stre
FOX News
Nov 10, 2012 3:00pm EST
the overall coverage, what were the issues americans cared about. economy and then a big storm on the east coast. they covered it and they covered it pretty well. >> jon: the exit polls thought that voters mitt romney was better equipped to handle the economy than barack obama. >> then it says something about the attitude toward the two men and they made a choice or the two parties and they made a choice. if you just go by viewers, fox mrs. msnbc, romney should have won three to one. >> jon: exit polls, some suggest reflected sort of the media theme that barack obama is a kiachbd of the little guy and middle-class and mitt romney is a rich guy that only cares about rich guys? >> i think it's clear that obama is the person who is looking to have middle-class tax cuts and mitt romney was to give tax cuts to rich people. what i would say, the reason i don't think the media played as big of a role in this. the reason barack obama won is because he ran a superior campaign. it was very targeted in these battleground states. i would be more interested in seeing exit polls from the battlegrou
CW
Nov 14, 2012 12:00pm CST
push for his plan to save the economy from the so-called fiscal cliff. this worst-case scenario means tax hikes and spending cuts totaling trillions of dollars... would automatically jump into effect at the beginning of next year. if the president and congress can't reach a deal on the debt. the white house and lawmakers created this deadline last year when they failed to reach an agreement on the deficit. the president is calling for one-point-six trillion dollars in new taxes on companies and the wealthy. yesterday, the president made his case to labor leaders. we're committed to preserving the tax breaks for the middle class. making sure that they pay their fair share. president obama plans to meet with congressional leaders from both parties on friday. she must >> run for reelection to her minority position. no democrat has made a move to seriously challenge her. >> the seventh award alderman sandy jackson's get the city council meeting this morning and is not commenting on a wall street report she may have been involved in spending campaign cash on furniture for their home.
LINKTV
Nov 8, 2012 11:30am PST
the economy are also a source of danger. hoping to avoid a agedy, geographer patty mothes maps and monitors several volcanoes for ecuador's geophysica institute,nclu tunguhua. she is looking for any changes that might signal an eruption. moes and onofhese ways thate hat is to put a prism that's highly reflective, or a number of prisms up on the flanks of the volcano, and then, shooting with this very high-powered laser beam... narrator: the beams reflect off the prisms and back to patty's measuring device. it canetsubthanges in t shapef the mountain, changes that may forecast an eruption and save lives. their concern is based on history. inside a church, a mural recalls a deadly eruption in 1773. it happened again in 1886 and 1918. so why do people live in such a dangerous place? some people simply cannot afford to move, due to limited economic means. re, elshere,sinesses decisions to le near dangerils on attachnte balanced agast the eived risks. but perceptions often tinged . no es peligroso, no... translator: , it'sot going to be ngerous for baños butwhen the tungurahuatinged .
NBC
Nov 8, 2012 11:00pm EST
the so-called fiscal clef that could plunge the economy back into recession. he is expected to urge congress to pass a bill preventing bush era tax cuts from expiring for all but the wealthiest americans. the newly reelected president and congress face the january 1 deadline to avoid a combination of tax increases and spending cuts that all sides agree would undermine the military and other basic government functions. here's a closer look at how dire that nightmare scenario could be of nothing is done. a report from the congressional budget office says the jobless rate would jump to 9.1% if no deal is reached. analysts say it would cut the federal deficit by more than $500 billion by next september. the adjustments would also cause the economy to shrink by 0.5% next year. but now that the election is over, washington's power players are figuring out what the future holds. secretary of state hillary clinton and treasury secretary timothy geithner have expressed the desire to step down. today, u.s. attorney general eric holder spoke with students at the university of baltimore. he sai
FOX News
Nov 11, 2012 7:00am PST
more frightening is what's happened to our economy. we lost 5 million jobs in four years and we've seen the number of people on food stamps and disability about up by 22 million. that's unsustainable. >> this is is this the worst position we've been in as a nation? >> no. there's the call for optimism. 1980, our economy was worse. the difference between now and 91980 is we turned out an incumbent president and elected possibility some people voted twice. while the st. lucie canvassing board was to recount all 37,000 early votes at 7:00. they announced the recount will only involve the last three days. west trails the democratic changer patrick murphy. murphy claimed victory by 2,442 votes. just over the amount needed for automatic recount. more on this and the whole election next week from illegal voting in ohio to voter fraud which cost a congressional seat in texas. our address is voterfraud@foxnews.com. >> newdevelopmentsfollowingfrom t hewreckageofsuperstormsandy. it'snotgettingeasyer. >> janet napolitano will head to new york city and get a look at the recovery efforts out the
FOX
Nov 15, 2012 7:00am EST
largest single economy which was germany. >> the 2012 edition of a popular wine made in france is being released today and to celebrate people in japan got into a tub filled with the young fruity wine. distributed every third thursday. more than 15 million bottles. >> there's like a baby in there. >> more than 15 million bottles were exported. the two most popular destinations were japan and the united states. it's a tradition get in a tub. >> hopefully they are not going to rebox that. >> stay in the tub and possibly your skin too. >> wouldn't you come out of there so sticky? >> isn't that a waste of wine? >> a lot of questions about that story. >> that's wish i never get into. >> all right. it's nice and cool. probably don't want to go swimming in a pool unless it's heated and inside. as temperatures later today on the cool side. yesterday 49 as a daytime high. 40s to about 50. >> a little chilly yesterday. >> and that was with sun. it's going to feel cooler than yesterday. lots of 30s outside the beltway. and we'll do a spin closer to our thanksgiving holiday. 32 in chicago. mo
CBS
Nov 15, 2012 4:00am PST
talk about the economy. meanwhile stocks have fallen steadily since mr. obama won re-election. the dow lost 185 points on wednesday. it's down 430 points since election day. nancy cordes reports on the looming high budget battle. >> step number one we can take in the next couple of weeks provide certainty to middle class families, 98% of families who make less than $250,000 a year, 97% of small businesses that their taxes will not go up a single dime next year. give them that certainty right now. >> reporter: but john boehner has balked at that idea. it would take away his party's leverage in fiscal cliff issues. >> there's a lot of issues on the table that need to be resolved. i laid out a reasonable framework where both parties can work together and i'm looking forward to meet at the white house on friday and begin that conversation. >> reporter: boehner and other top republicans have proposed eliminating deductions and loopholes that benefit the wealthy instead of raising their tax rates. >> we're not going to hurt our economy and make job creation more difficult, which is exactly w
WHUT
Nov 15, 2012 7:00am EST
to read between the lines about the man now in charge of the world's second-biggest economy. they include the second highest rank leader. number 6 in the lineup is already an architect of economic reform and offers the hope of more. then there is number 3 and number 5, both said to be conservative hard liners. i jinping's wife is a singer who is at least as famous as he is. only by a matter of degree, conformity and caution are keys to the climb up in communist party politics. >> china's new leaders said today he wanted to give the 1.3 billion people in this country better jobs and better living standards. tschida has already seen a remarkable economic transformation with hundreds of millions lifted out of poverty. there are now real fears that the economic miracle may not be sustainable. i have been speaking to china's richest man who grew up in poverty. he told me that the gap between the rich and the port has become a huge problem and says the new leadership has to tackle it. >> in a country where biggin brash is the order of the day, he offers a reminder of a gentler times. it
ABC
Nov 8, 2012 2:35am EST
strongest economy germany is in trouble. but quickly investors turned back to our looming problem, the road we are on to the so-called fiscal cliff at the end of the year. $650 billion of combined spending cuts and tax cuts expiring automatically. wall street selloff led to a loss of $300 billion in market value wednesday alone. however, just after close of trading wednesday, greece did pass its austerity measures so markets should be tempered a bit. when it comes to the future we can't expect uncertainty as the fiscal cliff looms ahead. >> coming up, advice on sorting out some of the hottest new options in tablets and touch screen computers. >> would you believe tab tops, >>> and welcome back to "world news now." we are pleased to have with us tech editor joanna stern. joanna will tell us about five crazy computers that run microsoft's new windows 8. crazy in a good way. >> crazien a great way. i am telling you they're crazy. >> not like us in a crazy way. >> not mentally insane. >> what are we starting with? >> windows 8 for tablets, desk tops, all types of computers. what microsoft did a
KRON
Nov 9, 2012 5:00pm PST
50%! the impact on the recovering economy everybody believes is what would have happened to james bond to jamesskyfa'sky >> catherine heenan, kron 4. >>pam: kron 4 is just i justine waldman. >> solutions to keep america from falling off the fiscal cliff are not pretty. >> it would be really hard headed if they come to an agreement. >> the president and congress allowed a kron agreement to fall over by. >> with higher unemployment, the only positive if there is a positive here is that the deficit will go down. >> if there is no agreement it will just highlight the to functionality. >> we are so strong about or policies, individually but we do not care if we go into a recession rather that then a compromise cahow >> increasing taxes and making money saving changes. it is a tough reality. >> the fun days are over but nobody likes those changes but you have to do it. and it is time to get your finances in order. we have 53 days to figure it out. justine waldman, kron 4. >> we are asking what is the best way for president obama to avoid sending the country to physical left. we of sever
NBC
Nov 11, 2012 6:30pm EST
, under republican administration. >> reporter: experts warn of serious damage to the economy if the standoff drags on. >> if three or four weeks from now they're making no progress at all, you're going to see the anxiety and the nervousness growing both in the markets and in corporate boardrooms. it's going to be a rough two months for the u.s. economy. >> reporter: and lester, as the clock ticks with the two sides still at odds, they'll try to take the first steps towards common ground on friday here at the white house when the president hosts the entire congressional leadership. >> mick viqueira, thank you. >>> tomorrow marks two weeks since sandy roared ashore here in the northeast, wiping out homes, leaving families with nowhere to go as they try to even think about how to pick up the pieces. a housing crisis that has the feds scrambling to help them. nbc's michelle frandsen is in staten island with more on that. good evening. >> reporter: good evening. this distribution center is the hub for this darkened neighborhood on staten island where people can come and get a hot meal an
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